If you were to buy a house locally at the current median price of $2,432,000 and had 10% deposit, then you would need a mortgage for $2,188,800. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of CANTERBURY, 3126 grew an average of 39.40 people each year. This figure of 1551.40% per annum means CANTERBURY is one of the fastest growing suburbs in VIC.
CANTERBURY 3126 homeowners are paying around 49.20% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than the median average increase of VIC which is 35.71%.
Mortgage brokers in CANTERBURY, 3126 have clients whose median home loan repayment amounts in the latest census each month are $2,350 This means that in a list ranking mortgage payments by amount in VIC their monthly home loan payments would place their suburb at number 2nd.